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Land crisis threatens economy

    JOHANNESBURG

    The land crisis could cut Zimbabwe’s gross national product by eight percent this year, the head of the country’s bankers association warned, news reports said.

    “The consequences of us failing to resolve this land issue are ghastly and will extract a heavy toll on every single Zimbabwean,” Greg Brackenbridge told a Commercial Farmers Union (CFU) congress this week. “In the absence of a resolution of this problem bankers will find it extremely difficult to finance agriculture,” the mainstay of the economy.

    Meanwhile, Land and Agriculture Minister Joseph Made broke with tradition on Thursday and failed to attend the CFU congress and deliver a closing address.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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